Pampa Energia SA Stock Forecast
Weaker technical forecast for Pampa Energia SA as stock downgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The Pampa Energia SA stock price gained 4.68% on the last trading day (Friday, 3rd May 2024), rising from $46.56 to $48.74. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.77% from a day low at $46.74 to a day high of $48.97. The price has risen in 7 of the last 10 days and is up by 13.14% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 137 thousand more shares were traded than the day before. In total, 384 thousand shares were bought and sold for approximately $18.72 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $48.97 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.42% during the next 3 months and, with a 90% probability hold a price between $42.07 and $51.14 at the end of this 3-month period.
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PAM Signals & Forecast
The Pampa Energia SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $45.40 and $43.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 24.91%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Pampa Energia SA stock
Pampa Energia SA finds support from accumulated volume at $46.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.23 between high and low, or 4.77%. For the last week, the stock has had daily average volatility of 4.38%.
Our recommended stop-loss: $47.01 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (PAM) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Pampa Energia SA to open at $48.15, and during the day (based on 14 day Average True Range), to move between $46.75 and $50.73, which gives a possible trading interval of +/-$1.99 (+/-4.09%) up or down from last closing price. If Pampa Energia SA takes out the full calculated possible swing range there will be an estimated 8.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $46.60, some $2.14 (4.39%) from the current price of $48.74, our system finds the risk reward attractive.
Earnings coming up
Pampa Energia SA will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.38. We will update the financials statements for Pampa Energia SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.88% in the first trading day after earnings release.
Is Pampa Energia SA stock A Buy?
Pampa Energia SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Pampa Energia SA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $48.15 ( 1.21%) | $48.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.38 | 3.36 % | |
| R2 | 49.53 | 1.62 % | ||
| R1 | 49.00 | 0.537 % | ||
| Current price: | 48.74 | |||
| Support | S1 | 47.30 | -2.96 % | |
| S2 | 46.77 | -4.04 % | ||
| S3 | 45.92 | -5.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 48.74 | |||
| Support | S1 | 46.60 | -4.39% | |
| S2 | 46.04 | -5.54% | ||
| S3 | 39.16 | -19.66% |
PAM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 12, 2012 | Jan 12, 2012 | Jan 12, 2012 | $0.0750 | 0.661% |
| 2 | Jan 11, 2011 | Jan 11, 2011 | Jan 11, 2011 | $0.0880 | 0.541% |
| 3 | Dec 29, 2009 | Dec 29, 2009 | Dec 29, 2009 | $0.0790 | 0.675% |
FAQ
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